<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 11): Eco World Development Group Bhd’s (KL:<a href="/askedge/klse/8206" class="ce-stock" target="_blank">ECOWLD</a>) wholly owned subsidiary, Eco World Capital Bhd, has issued RM850 million in rated sukuk wakalah under its RM3 billion programme.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia, EcoWorld said it was the fifth issuance under the programme, based on the shariah principle of Wakalah Bi Al-Istithmar.</p></div>

<div class=newsTextDataWrapInner><p>“The issuance comprised three tranches: RM150 million with a five-year tenure, RM550 million with a seven-year tenure and RM150 million with a 10-year tenure,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>EcoWorld said the proceeds from the issuance will be used for working capital requirements, capital expenditure (including land acquisitions), shariah-compliant investments and general corporate purposes.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


Eco World Development Group Bhd’s (KL:ECOWLD) wholly owned subsidiary, Eco World Capital Bhd, has issued RM850 million in rated sukuk wakalah under its RM3 billion programme.

EcoWorld issues RM850m sukuk wakalah under RM3b programme

The prosecution in the corruption case of a former political secretary to former home minister Datuk Seri Hamzah Zainudin closed its case on Wednesday after calling 18 witnesses.

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